30 Magenta Crescent

Offering a combination of practical living, a convenient location and established rental income, this Mitchelton property presents an attractive opportunity for investors looking to add a quality asset to their portfolio in one of Brisbane’s most sought-after north-western suburbs. The well-considered layout provides 4 bedrooms, with the master featuring a walk-in robe and private ensuite. A central bathroom services the remaining bedrooms, while the separate laundry enhances everyday functionality.

Multiple living zones include a spacious family and dining area adjoining the kitchen, complemented by a separate lounge that provides flexibility for families and tenants alike. Outdoors, a covered terrace creates a welcoming space to unwind, while the double garage with internal access adds security and convenience. The functional design and manageable upkeep make this an appealing proposition for investors seeking a property with broad tenant appeal. The standout advantage is the existing Defence Housing Australia (DHA) lease, secured through to 27 July 2027.

With DHA managing the tenancy, investors can enjoy a streamlined ownership experience without the usual need to source tenants or manage day-to-day tenancy matters. Once the lease concludes, the new owners can choose to move in or continue holding the property as an investment. Invest with confidence with the benefits of a DHA lease:

• Guaranteed rental payments 52 weeks a year, even during vacancy periods
• Annual independent market rent reviews
• Most non-structural maintenance costs covered by DHA (see DHA Lease Agreement)
• Lease-end restoration benefits (see DHA Lease Agreement)
• No re-letting fees Buyers should review the lease terms and conditions to understand the specific obligations and benefits that apply. Set within a quiet, established Mitchelton neighbourhood approximately 9km from the Brisbane CBD, the property is surrounded by quality schools, parks and recreational facilities, shopping, dining and public transport, all adding to its long-term rental appeal. Conveniently connected to local amenities:
• Approx. 500m to Mitchelton State School
• Approx. 550m to the Blackwood Street dining and shopping precinct
• Approx. 600m to Mitchelton State High School
• Approx. 650m to Mitch & Antler Coffee
• Approx. 900m to Mitchelton Train Station
• Approx. 1.1km to Mitchelton Special School
• Approx. 1.4km to Brookside Shopping Centre
• Approx.

9km to the Brisbane CBD For investors seeking an established property with a DHA lease secured until 27 July 2027, practical accommodation and a well-connected location, this Mitchelton opportunity deserves your attention. For more information regarding DHA property investment, visit dha.gov.au. Added 09 November, 2026 Property ID: #R2-5287426 Show More